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All hands on deck..

gold price could zoom down

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#1 tradesurfer

tradesurfer

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Posted 15 January 2019 - 12:10 PM

The dollar looks like it wants to skyrocket on the yearly price bar chart...

 

And gold price looks like it wants to finally complete a huge A B C down leg.  If we do see the dollar start to skyrocket soon as a result of Europe and the UK going down the rabbit hole.  It could put huge upward pressure on the dollar and sink gold.

 

But this sinking of gold to 950 or 850 would serve as a huge cleanout, and violent slingshot, creating a huge yearly hammer candlestick.  

 

So the hard part is going to be buying the low of the hammer.

 

This slingshot should then serve as enough fuel for the mega bull to 5000+

 

 

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Edited by tradesurfer, 15 January 2019 - 12:14 PM.